Representatives of provinces and regions “9 + 2″ of the Pan Pearl River Delta will visit Brazil and Portugal between 5 to 12 March focused on research and exchange of information on environmental protection and management of marine waters, a spokesman said in Macau on Thursday.
Business
Gaming revenue in Macau surged 17.8 percent in February, after a three year drop, according to Macau’s Gaming Inspection and Coordination Bureau.
Galaxy Entertainment Group (GEG) and SJM Holdings reported on Tuesday their 2016 results. According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion.
The Legend Palace Hotel, the latest addition to the portfolio of Macau Legend Development Limited (MLD), opened on Monday with 66 gaming tables.
Fitch Ratings is expecting Macau’s GDP to grow 2.5 percent in 2017, supported by improving gaming revenues from new resort openings.
According to data from the Financial Services Bureau (DSF), Macau made MOP 7.3 billion (US$907.3 million) from gaming taxes in January. The amount represents an increase of 7.7 percent year-on-year, compared to the same month in 2016.
Macau´s Chief Executive, Chui Sai On, said on Friday that participating in the development of the “Belt and Road” initiative would complement Macau and Guangdong ties.
Macau’s gross domestic product (GDP) shrank by 2.1 percent year on year in real terms last year, an improvement from the 21.5 percent drop in 2015, the Statistics and Census Bureau (DSEC) said on Thursday.
CEM expects its new power plant in Coloane to be up and running in five years time, Bernie Leong Wa Kun, chairman of the electricity utility’s executive committee, said on Thursday.